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Press Release

E INK AND JAPAN DISPLAY FORM STRATEGIC ALLIANCE

November 9, 2016 -- HSINCHU, Taiwan -- E Ink® Holdings, "E Ink" (8069.TW), the leading innovator of electronic ink technology today announced E Ink has agreed to enter a long-term strategic alliance with Japan Display Inc. (JDI, TYO:6740) for electronic paper (ePaper) business. JDI is the market leader in mobile phone display and automotive display. Through the partnership with E Ink, JDI intends to diversify its business scope beyond its existing LCD market.

ePaper is a reflective display with qualities equivalent to traditional paper and images shown on ePaper can be updated electronically. ePaper has features of wide viewing angle, low power consumption, and vivid images can be seen even under bright sunlight. By partnering with E Ink, JDI adds E Ink's ePaper into its product by offering to its existing digital signage system and mobile phone customers. At the same time, JDI will continue to advance the development, production and sales of new products using LCD backplane technology, including innovative ePaper products utilizing JDI's proprietary LTPS and Pixel Eyes™ in-cell touch to enter new market applications, such as automotive, dynamic computer keyboards, display cards, education, IOT displays, and many more.

"It is a great pleasure to work with JDI to develop new electronic ink applications. JDI has proven to be the market leader in the display industry. With JDI's global sales presence, world class customer base, and world class TFT expertise, JDI can better serve many potential ePaper customers looking to use E Ink's technology. I believe this partnership is a win-win for both parties," said Dr. Frank Ko, Chairman and CEO of E Ink Holdings.

"I am pleased to start a strategic alliance with E Ink which owns unique electrophoretic technology. I expect to create new markets through the combination of JDI’s backplane technologies and electronic ink technology. Adding electronic ink technology to our growing LCD technology and developing AMOLED technology, I believe that JDI can make its product line-up stronger and proceed to diversify its business portfolio," said Mitsuru Homma, Chairman and CEO of Japan Display Inc.

With JDI's backplane technology and In-cell touch technology which is based on JDI’s unique LTPS, E Ink can improve the performances of E Ink display modules. "E Ink is proud to work with JDI in business alliance, new technology development, and also in manufacturing. The companies are expecting to roll out the collaboration in full dimension," said Johnson Lee, President of E Ink Holdings.

"JDI and E Ink have worked together for many years manufacturing LCD modules. This new alliance has further cemented our relationship with E Ink. It is our great pleasure that we can create new business and meet our customers’ expectations together with E Ink by adding ePaper products in JDI’s product line-up," said Shuji Aruga, President and COO of Japan Display Inc.

About E Ink Holdings
Founded in 1992 by Taiwan’s leading papermaking and printing group YFY (1907.TW), E Ink Holdings Inc. (8069.TW) has transformed and defined the eReader market with its ePaper technology, enabling a new multi-billion market in less than 10 years. Its corporate philosophy aims to deliver revolutionary products, user experiences, and environmental benefits through advanced technology development. This vision has led to its continuous investments in the field of ePaper displays as well as expanding the use of its technologies into a number of other markets and applications. Its EPD products make it the worldwide leader for ePaper. Its FFS technologies are a standard for high end consumer electronic products. Listed in Taiwan’s GreTai Securities Market and the Luxembourg market, E Ink Holdings is now the world’s largest supplier of displays to the eReader market. For corporate information, please visit www.einkgroup.com; for EPD information, please visit www.eink.com / tw.eink.com.

About Japan Display Inc.
Japan Display Inc. (JDI) is a leading global manufacturer of advanced small- and medium-sized LTPS LCD panels. By leveraging its advanced technologies and the world's largest LTPS production capacity, JDI provides high resolution, low power consumption and thin displays for smartphones, tablets, automotive electronics, digital cameras, medical equipment and other electronic devices. JDI, which commenced operations in April 2012, was formed through the consolidation of the display panel businesses of Sony, Hitachi and Toshiba. The company's common stock is traded on the Tokyo Stock Exchange with the securities code number 6740. For more information please visit: http://www.j-display.com/english/.

Contact:
Jon Diaz
Racepoint Global
+1-415-694-6708
jdiaz@racepointglobal.com

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